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ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC may sell stake in IOC to LIC to fund HPCL deal

ONGC has already secured shareholder nod to raise up to Rs 25,000 crore debt.

9 Oct 2017 1:56 PM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

India to get its first US oil shipment tomorrow

Indian Oil Corp (IOC) in early July booked the first US cargo, opening floodgates for others to come.

1 Oct 2017 3:17 PM IST

Prior to the merger, HPCL is likely to take over Mangalore Refinery and Petrochemicals (MRPL) to bring all the refining assets of ONGC under one unit.

ONGC seeks investment banker to manage HPCL acquisition

The board of ONGC on Monday gave 'in principle approval' for acquisition of the government stake in HPCL.

22 Aug 2017 7:45 PM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC financial ratio to remain same post HPCL acquisition: report

The divestment may be gradual and ONGC could meanwhile fund the HPCL stake purchase using a bridge loan.

25 July 2017 9:21 PM IST

Prior to the December 1 price change, rates were hiked by Rs 1.46 a litre in the case of petrol and Rs 1.53 per litre for diesel, excluding local levies, on November 16.

OMCs to revise petrol,diesel prices daily from June 16

Public sector oil companies have decided to start daily revision of prices in the entire country with effect from 16th...

9 Jun 2017 4:47 PM IST